A seven-year dispute between engineering company KBR and a Brazilian client over an oil project...

|By:, SA News Editor

A seven-year dispute between engineering company KBR and a Brazilian client over an oil project settled last month with a $219M payment by Halliburton (HAL), KBR's former parent, according to an SEC filing. The payment was made to settle the dispute over failed bolts on subsea flowlines that were part of a $2.5B oilfield contract awarded to KBR.